Company balance sheet
At December 31, 2008
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| Notes | 2008 £m |
2007 £m |
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| Fixed assets | ||||||||
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| Investments in shares in subsidiary undertakings at cost | 2 | 2,230 | 2,212 | |||||
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| Current assets | ||||||||
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| Amounts owed by subsidiary undertakings due within one year | 165 | 413 | ||||||
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| Cash at bank | 2 | 1 | ||||||
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| 167 | 414 | |||||||
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| Creditors – amounts falling due within one year | ||||||||
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| Financial liabilities | 3 | — | (16) | |||||
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| Accruals and deferred income | — | (3) | ||||||
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| (19) | ||||||||
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| Net current assets | 167 | 395 | ||||||
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| Total assets less current liabilities | 2,397 | 2,607 | ||||||
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| Net assets | 2,397 | 2,607 | ||||||
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| Capital and reserves | ||||||||
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| Called-up share capital | 4 | 369 | 364 | |||||
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| Share premium account | 5 | 82 | 67 | |||||
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| Merger reserve | 5 | 214 | 451 | |||||
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| Capital redemption reserves | 5 | 767 | 517 | |||||
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| Other reserve | 5 | 77 | 59 | |||||
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| Own shares reserve | 5 | (35) | — | |||||
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| Profit and loss account | 5 | 923 | 1,149 | |||||
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| Equity shareholder's funds | 2,397 | 2,607 | ||||||
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The financial statements on these pages were approved by the Board on February 11, 2009 and signed on its behalf by:
Simon Robertson
Chairman
Andrew Shilston
Finance Director